Codero Holdings, Inc., an Oveland Park, Kan.-based provider of a managed hosting services and technology enablement solutions, closed an offering of 6% convertible secured subordinated notes due 2023.
Codero closed on $10,498,000 of new funding on April 4, 2018.
Proceeds from the offering were used to repay the company’s existing senior indebtedness and supplement available working capital to accelerate the transformation to a managed cloud service provider.
Led by CEO John Martis, Codero is an infrastructure and technology enabler that facilitates the adoption and use of advanced and custom cloud and technology solutions. A provider of dedicated, managed and hybrid cloud services, backed by exceptional customer service, Codero serves over 3,500 customers worldwide.